{"id":14870,"date":"2024-08-27T13:14:59","date_gmt":"2024-08-27T20:14:59","guid":{"rendered":"https:\/\/www.neighbor.com\/storage-blog\/?p=14870"},"modified":"2024-08-27T13:15:00","modified_gmt":"2024-08-27T20:15:00","slug":"how-to-move-out-of-your-parents-house-in-9-simple-steps","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/how-to-move-out-of-your-parents-house-in-9-simple-steps\/","title":{"rendered":"How to Move Out of Your Parents’ House in 9 Simple Steps"},"content":{"rendered":"\n

Moving out of your parent’s house is a big life milestone<\/strong> (one that comes with a newfound sense of freedom). But this newfound freedom comes at a price, aka a long list of expenses<\/strong> and plenty of new stressors. <\/p>\n\n\n\n

Before you even begin the moving process or look at a place to live, you’ll need to consider your mental and financial readiness<\/em>. Are you mentally prepared for this transition, can your income cover it all, and is your credit score in good standing? <\/strong><\/p>\n\n\n\n

Thinking about all of these things can make you feel overwhelmed and put you at a standstill. However, with some careful planning and tips for moving out, you’ll be on your way to creating your own life in no time!<\/p>\n\n\n\n

Step #1: Assess Your Readiness<\/h2>\n\n\n\n

Assessing your readiness is the first step towards taking the helm. How do you feel about being financially responsible<\/em> for everything? Are you both mentally and financially ready<\/em> for this big jump?<\/p>\n\n\n\n

According to a Bloomberg survey on young adults, approximately <\/strong>45% of 18 to 29-year-olds<\/strong><\/a> in the United States are living with their parents or family members. <\/strong>Financial limitations are one of the primary motivators for living at home, so you’ll want to evaluate whether your yearly income will be able to keep up with your spending habits (when your parents aren’t fronting the grocery bill).<\/em><\/p>\n\n\n\n

Fortunately, your parents can help you assess your readiness, figure out your budget, and plan the move-in day with you. After all, they’re good for more than just free dinners. <\/em><\/p>\n\n\n\n

Step #2: Assess Your Income and Create a Financial Plan<\/h2>\n\n\n\n

A successful move starts with a well-planned financial blueprint, which you can easily create with some free templates<\/a>. <\/p>\n\n\n\n

Take a look at your personal finances and create a detailed budget that includes rent and all living expenses. This budget will help you understand your spending and figure out how to save money as you navigate through unanticipated financial waters.<\/p>\n\n\n\n

Try to plan out your finances so you have enough money available for fun things too! It’s not a good feeling when you have to turn down plans with friends due to money constraints. <\/p>\n\n\n\n

Some expenses to consider in your budget include the following:<\/p>\n\n\n\n